Risk head exits Rabobank

Dutch bank group Rabobank has denied the resignation of its global head of market risk is related to the credit crisis, stating that it has been "hardly affected" by the market turmoil.

Mark van Balen is joining Dutch bank ING as head of trading risk management, prompting a reshuffle at Rabobank, which has promoted Paul Wallace and Mark Kluytens as interim replacements.

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